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3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
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28 November 2024 | 4 replies
Fresh eyes help.Mindset Check: You're never going to know everything before you start.
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5 December 2024 | 7 replies
This way, you'll have access to liquidity without the headache of managing separate loans and fees.Predicted Refi Rates: While no one can predict rates with absolute certainty, the general consensus is that rates may stay lower or remain stable in the short term, barring any economic shifts.
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5 December 2024 | 6 replies
Given appreciation is typically where you are making most of your return in any real estate, having this additional appreciation helps create much higher returns.Additionally, my single family tenants, typically stay a couple years longer than my duplex tenants.
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4 December 2024 | 2 replies
A court will use those valid addresses for subpoena at the hearing.Finally, in my own tax lien work, I will often remove dead trees myself using multiple stay lines and then pull the tree down myself.
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2 December 2024 | 19 replies
Still stay active in BP though because there is a lot of wisdom in this group.
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5 December 2024 | 31 replies
If you are doing direct replacement, like replacing a sink, shower, and the stacks and pipes are staying, you probably do not.
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4 December 2024 | 9 replies
(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?
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11 December 2024 | 29 replies
Many here are most likely in this asset class and have dealt with evictions so they favor a larger guarantee and don't mind a hefty turnover if the tenant stays 5 plus years as the higher grade areas there will be more turnovers than that though the charges will be less per turnover.
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4 December 2024 | 15 replies
Let’s stay connected!